Comparables or "comps" as we say in the biz, are typically described as recent sales in a subject's market area that are similar to the subject that is being appraised. Fannie Mae puts it this way, Comparable sales should have similar physical and legal characteristics when compared to the subject property. These characteristics include, but … Continue reading How I Choose A Comparable
Tag: Appraiser
Foul Ball!
What would happen if there were no referees in [insert any competitive sport]? How would the game be different? What would happen if one team saw something afoul but the other disagreed? What if one team was taking cheap shots and ignoring the rules, yet there were no flags on the play or appropriate penalties … Continue reading Foul Ball!